Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    991 Kentmoor Farm Rd Madison Heights, VA 24572

    View on Map
    Sponsored
    For Sale
    $139,900

    LAND - Madison Heights, VA

    Lot size:
    32.04 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 7:06 pm

    Property Features for 991 Kentmoor Farm Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    150-A-43A
    Lot size
    32.04 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Sandra L Wright
    Sandra L Wright

    Key To Your Heart Realty (434) 333-7723

    Listing agent Sandra L Wright (434) 333-7723

    Listing date Mar 8, 2026

    MLS# 364884 Listing URL

    Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Madison Heights

    This 32.04-acre property is located in Madison Heights, VA. It features almost 400 feet of road frontage and a small stream. A previous perc test was conducted in 2017. The land offers possibilities for building a dream home or creating weekend getaway. Several ATV trails are already in place. The property has no restrictions and is conveniently located close to shopping, dining, and medical facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.028888
    Latitude
    37.472697

    Nearby Similar for Sale

    • New
      $265,000
      Pending

      Madison Heights Ranch Home

      Move-in ready ranch home with fenced yard and new HVAC.
      265 Samson Way, Madison Heights, VA 24572
      View Details
    • $110,000
      1,200 SF

      Office Condo Near Downtown Lynchburg

      1,200 SF office condo minutes from Downtown Lynchburg.
      5066 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $110,000
      1,200 SF

      Madison Heights Office Space Available

      Office space for sale in Madison Heights, Virginia.
      5068 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $279,900

      12.9 Acres Mini Farm Potential

      12.9-acre property with horse barn, indoor arena, pastures.
      1358 S Coolwell Rd, Madison Heights, VA 24572
      View Details
    • $1,200,000

      Modern Homestead with Pond

      28.25-acre property featuring a custom 4-6 bedroom home and pond.
      1543 Elon Rd, Madison Heights, VA 24572
      View Details
    • $1,100,000
      4,600 SF

      Historic Wedding Venue and B&B

      Turnkey wedding venue and B&B with strong revenue potential.
      116 Winridge Dr, Madison Heights, VA 24572
      View Details
    • $385,000
      3,600 SF

      Commercial Property Near Shopping Center

      Commercial property with road frontage near Walmart and Amelon Square.
      4123 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $385,000
      3,600 SF

      Commercial Property Near Shopping Center

      Commercial property near Walmart and Amelon Square shopping center.
      4123 S Amherst Hwy, Madison Heights, VA 24572
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 32.04 acres of land with road frontage and stream.
    Where is this residential land & home lot located?
    The property is located at 991 Kentmoor Farm Rd Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - No Restrictions: Build your dream!; - Almost 400 FT Rd Frontage: Excellent access.; - Perc Test Done in 2017
    (434) 942-0309
    Request Owner's contact information
    991 Kentmoor Farm Rd Madison Heights, VA 24572
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    991 Kentmoor Farm Rd
    Madison Heights, VA 24572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    991 Kentmoor Farm Rd Madison Heights, VA 24572
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandra L Wright
    Sandra L Wright
    (434) 942-0309 (434) 333-7723
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!